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Why AI Is Social Media Fraud’s New Best Friend

PYMNTS

It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition. Digital Evolution. Fraud Increases. trillion in 2018.

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A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements

PYMNTS

The pandemic has drastically affected how consumers are shopping and paying for even routine purchases, and this in turn has altered how businesses are accepting their payments. The health crisis has brought about changes to this rule, however, and these may have long-term implications for payment standards and regulations.

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How To Improve Uninsured Deposit Performance

South State Correspondent

Apply further rising rates, social media amplification of rates or risk, general sensitivity to safety, greater competition, or a credit shock to the deposit holding institution. Banks also need to take another look at how they treat fees strategically and then look at every product to see how it can be used to build a relationship.

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GoDaddy Agrees To Buy Poynt To Boost Digital Payments Technology

PYMNTS

GoDaddy has agreed to acquire Poynt , which lets businesses sell and accept payments anywhere through its suite of products, according to a press release. GoDaddy was interested in Poynt because of the digital shift in payments due to the pandemic, as well as in-person and online shopping converging more all the time, the release stated.

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Personal Finance Fails (and How to Fix Them)

BankBazaar

Additional Reading: Confessions Of A Shopaholic | How To Curb Your Spending Habits The “Keeping Up With the Sharmas” Trap We all know a Sharma uncle whose kids seem to have everything – fancy cars, foreign education, the whole shebang. Now let’s talk about how to turn those financial fails into wins.

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RBI’s Repo Rate Hike: How To Reduce Home Loan Tenure?

BankBazaar

Social media has people sharing their loan tenures extending into their 70s and 80s. The loan that started with 180 months left had somehow ballooned to 192 months despite nine EMIs and the pre-payment. Pre-payments are normally difficult because you need to pay a minimum of one EMI, or sometimes two.

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Top 10 Crypto scams to look for in 2023

Abrigo

Although yet to be considered mainstream by most, cryptocurrency as an investment and payment method has become more commonplace. The Federal Bureau of Investigation (FBI) states that crypto is becoming the preferred payment method for many types of scams—and not just on the dark web, where crypto is used to fund illegal activity. .